Liverpool have already spent over 100 million pounds this summer but Pellegrini said in a news conference: "Maybe they will always miss Luis Suarez because he is a very important player but they have brought a lot of important new players and continue being a very strong squad also."

Balotelli scored 30 goals in 80 games during his City career and helped them win the Premier League title in 2012.

He was both bought and sold by Pellegrini's predecessor, Roberto Mancini, but the Chilean believes a move to Anfield could be just what the 24-year-old needs.

He added: "I know the character of Mario Balotelli. Everyone that is involved in football knows about him. If Liverpool decide he the player he is the player that is important for them, perfect for them and perfect for Mario."